UK-based investment specialist Blackfinch Group has acquired a 174-hectare commercial forest in Argyll and Bute in Scotland for an undisclosed price.
The purchase was made through Blackfinch Group’s subsidiary Litchfield Trading, with funding provided by retail investors through the Blackfinch Adapt IHT Service.
Kerry Hughes, investment director for energy and forestry at Blackfinch said: “This acquisition reflects our commitment to creating long term outcomes for our investors while supporting critical sectors of the UK economy. Timber is vital to decarbonising construction and packaging, and investments like this ensure the domestic supply chain is better equipped to meet this growing demand.”
Sam Booth, an associate in the forestry team at Bidwells, which advised Blackfinch on the deal, added: “We were delighted to assist Blackfinch with the purchase of a 174-hectare property, delivering strategic long-term value. Conducting thorough expert market analysis was essential, and we were pleased to be involved in such an acquisition to assist the Blackfinch team, whose commitment to the sector was evident from the outset.”
